Delaying cuts may work in OPEC's favor

Has the Organization of Petroleum Exporting Countries done its job too well?Some key figures in the organization seem to think so, and the result is likely to be a return to official quota levels at an extraordinary meeting OPEC has scheduled, tentatively, for Apr. 24 in Vienna.Not everyone agrees with that view, however, and if OPEC does its job too well again, then oil prices could finish the year closer to $30/bbl than to $20/bbl.Fear of a glutOPEC called for the special meeting to address a steep drop in oil prices that, counterintuitively, began well before a US-led war on Iraq got under way. That's counterintuitive because the preceding surge in oil prices to almost $40/bbl had ...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected